According to new report available with Million Insights, Rising concerns regarding the environmental imbalance have stimulated the sizeable interest in the adoption of metal cans. Large numbers of packaging companies in the food and beverage industry have exhibited an increased adoption of the product to prevent the spoilage of food and beverage products. Increased adoption of technological innovation and environmentally friendly products propelled the market growth.

Metal cans are packaging equipment that aid in facilitating the storage and distribution of food and beverages. These can are commonly made of steel or aluminum and are available in several sizes and shapes depending upon their application. Basic round cylindrical cans are the most common type of cans. These metal can are robust and portable thus require less space and enable easy tracking. Can use for beverages can be chilled in no time and remains cold for longer period thereby driving the growth of such packaging over the forecast period. These cans are lined with synthetic material to prevent any chemical reactivity with the substances it contains.

Rising concerns regarding the environmental imbalance have stimulated the sizeable interest in the adoption of metal cans. Large numbers of packaging companies in the food and beverage industry have exhibited an increased adoption of the product to prevent the spoilage of food and beverage products. Increased adoption of technological innovation and environmentally friendly products propelled the market growth significantly over past few years.

The global metal cans market is expected to witness a remarkable growth over the next eight years due to increasing demand for the product. The increasing demand for convenience food has given a boost to the growth of the global market. Furthermore, increase in discretionary income of the consumers leading to lifestyle changes is expected to impact the growth of package food items which in turn is expected to stimulate the growth of global metal can market. Superior recyclability and reusability of the product are expected to give an extra edge to remark their growth in global markets. These metal cans are divided into various product categories such as beverages, food, paints and aerosol sprays for automobiles and other products.

The product is used for packaging of canned vegetables, fruits, juices, baby food, meat poultry as well as miscellaneous and other items in the food industry. However, the global beverage industry dominates the volume consumption of global metal can on account of a wide range of products and high consumption. Competitive market leading to product differentiation through sizes and innovative shapes is one of the major factors leading to the growth of beverage industry further leading the growth of metal can industry.

In terms of geography, the global metal can market can be segmented into North America, Europe, South & Central America, Asia Pacific and Middle East & Africa. Europe dominates the metal can market in terms of revenue due to high levels of consumption of canned food and beverages. High growth rate of the product in the Asia Pacific region can be attributed to the emergence and rapid economic development. Rising population base of youngsters coupled with high discretionary income is anticipated to propel the demand for food and beverage cans in the coming years.

The growth of food, beverage and automotive industry coupled with ever increasing population base in the economies of India, China, and Japan is expected to fuel the demand for the product over the forecast period. easy availability of economical labor and raw material in India and China makes Asia Pacific one of the most attractive markets for food, beverage, and automobile manufacturers thereby resulting in an increased consumption of metal cans. In addition, the increase in production as well as consumption in the region owing to increasing population requirements is a key factor for the growth of metal can market in the Asia Pacific region.

Key players in the global can market are CPMC Holdings Ltd., Amcor Ltd., Crown Holding Inc., Ardagh Packaging Group Plc., Crown Holdings Inc., Ball Corporation., Sonoco Phoenix Inc., Kian Joo Group, Rexam Plc. and BWAY Corporation. The production levels of these manufacturers are very high as they cater the requirements of FMCG industry. Acceleration of production cycle coupled with minimization of waste is some of the major initiatives taken up by the global manufacturers. The companies are involved in the development of advanced products and technologies exemplified by the deployment of blow molding shaping by Crown Holding’s Inc. by premium brands such as Heineken and Crosse & Blackwell.

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